The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Wayfair Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

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01/11/2019 | 07:24pm EST

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The
Schall Law Firm, a national shareholder rights litigation firm,
announces the filing of a class action lawsuit against Wayfair Inc.
(“Wayfair” or “the Company”) (NYSE: W)
violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934
and Rule 10b-5 promulgated thereunder by the U.S. Securities and
Exchange Commission.

Investors who purchased the Company's shares between August 2, 2018 and
October 31, 2018, inclusive (the ''Class Period''), are encouraged to
contact the firm before March 11, 2019.

We also encourage you to contact Brian Schall, or Sherin Mahdavian, of
the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA
90067, at 424-303-1964, to discuss your rights free of charge. You can
also reach us through the firm's website at www.schallfirm.com,
or by email at brian@schallfirm.com.

The class, in this case, has not yet been certified, and until
certification occurs, you are not represented by an attorney. If you
choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading
statements to the market. Wayfair suffered from diminishing demand for
its online products and compensated by increased advertisers to drive
sales. The Company was about one-third of the way through the third
quarter of 2018 when it announced its second-quarter results, and by
that time had already dramatically increased its advertising spending
for the quarter. Based on these facts, the Company’s public statements
were false and materially misleading throughout the class period. When
the market learned the truth about Wayfair, investors suffered damages.